FSA considers non-EU subsidiaries.


Sources say that the Financial Services Authority (FSA) is formulating a view on how subsidiaries of European companies located outside the EU should factor in calculation of the Solvency Capital Requirements (SCR) under Solvency II.

One source indicates that the FSA ultimately wanted a proper risk-based regime that reflects proper diversification of the group - which includes treating subsidiaries outside of the EU the same as those within. However, the FSA is keen to make sure that the solvency

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